Wetouch Technology Inc. (WETH) 10-Year Financial Performance & Capital Metrics

WETH • • REIT / Real Estate

Real EstateReal Estate ServicesReal Estate Technology & Digital PlatformsReal Estate SaaS & AI Solutions

AboutWetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. Its product portfolio comprises medium to large sized projected capacitive touchscreens, which range from 7.0 inch to 42-inch screens. The company offers Glass-Glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; Glass-Film-Film, which are primarily used in high-end GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; Plastic-Glass, which are used in GPS/entertainment panels motor vehicle GPS, smart home, robots, and charging stations; and Glass-Film that are used in industrial HMI. Its products are also used in financial terminals, automotive, POS, gaming, lottery, medical, HMI, and other specialized industries. The company was founded in 2011 and is based in Meishan, China.Show more

Revenue $42M +6.5%
FFO $6M -27.0%
FFO/Share 0.52 -41.4%
FFO Payout 0%
FFO per Share 0.52 -41.4%
NOI Margin 32.18% -25.7%
FFO Margin 14.29% -31.4%
ROE 5.08% -44.2%
ROA 4.87% -43.2%
Debt/Assets 0.82% -42.3%
Net Debt/EBITDA -11.01 -44.7%
Book Value/Share 10.67 -11.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FFO growing 77287004.8% TTM
✓Momentum leader: RS Rating 86 (top 14%)
✓Trading at only 0.2x book value

✗Weaknesses

✗Profits declining 15.2% over 5 years
✗Low NOI margin of 32.2%
✗Shares diluted 24.6% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y1.11%

3Y1.21%

TTM29689240.29%

Profit (Net Income) CAGR

10Y-

5Y-15.15%

3Y-29.74%

TTM65464640.5%

EPS CAGR

10Y-

5Y-44.02%

3Y-63.45%

TTM127.9%

ROCE

10Y Avg24.17%

5Y Avg18.48%

3Y Avg12.89%

Latest7.82%

Peer Comparison

Real Estate SaaS & AI Solutions

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LHAILinkhome Holdings Inc.	97.54M	6.01	120.20	455.92%	2.75%	6.91%		0.02
WETHWetouch Technology Inc.	21.24M	1.78	3.42	6.48%	20.75%	18696.89%	4.39%	0.01
DUOFangdd Network Group Ltd.	61.26M	1.59	0.46	19%	-6.13%	-6.47%		0.00
AIREreAlpha Tech Corp. Common Stock	59.75M	0.46	-0.79	419.58%	-9.89%	-198.07%		3.81

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	40M	31.35M	40.79M	37.92M	39.71M	42.28M
Revenue Growth %	-	-0.22%	0.3%	-0.07%	0.05%	0.06%
Property Operating Expenses	21.3M	15.74M	22.35M	23.87M	22.52M	28.67M
Net Operating Income (NOI)+	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-
Operating Expenses+	1.7M	3.73M	5.81M	2.64M	4.54M	4.29M
G&A Expenses	1.56M	3.65M	5.72M	2.55M	4.46M	4.29M
EBITDA+	18.04M	12.94M	13.01M	11.42M	12.66M	9.33M
EBITDA Margin %	-	-	-	-	-	-
Depreciation & Amortization+	1.04M	1.06M	381.17K	9.89K	9.4K	9.8K
D&A / Revenue %	-	-	-	-	-	-
Operating Income+	17M	11.88M	12.62M	11.41M	12.65M	9.32M
Operating Margin %	-	-	-	-	-	-
Interest Expense+	16.88K	1.73M	27.45K	224.88K	252.32K	1.17M
Interest Coverage	1006.93x	6.87x	459.91x	50.76x	50.13x	7.96x
Non-Operating Income	0	0	0	0	0	0
Pretax Income+	16.44M	10.48M	21.8M	12.08M	12.35M	8.69M
Pretax Margin %	-	-	-	-	-	-
Income Tax+	2.72M	1.55M	4.41M	3.35M	4.08M	2.66M
Effective Tax Rate %	-	-	-	-	-	-
Net Income+	13.72M	8.93M	17.39M	8.73M	8.26M	6.03M
Net Margin %	-	-	-	-	-	-
Net Income Growth %	-	-0.35%	0.95%	-0.5%	-0.05%	-0.27%
Funds From Operations (FFO)+	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-
FFO Growth %	-	-0.32%	0.78%	-0.51%	-0.05%	-0.27%
FFO per Share+	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-
EPS (Diluted)+	9.46	6.20	10.65	4.74	0.88	0.52
EPS Growth %	-	-0.34%	0.72%	-0.55%	-0.81%	-0.41%
EPS (Basic)	9.53	6.21	10.93	5.39	0.89	0.52
Diluted Shares Outstanding	1.45M	1.45M	1.63M	1.84M	9.38M	11.68M

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	41.74M	47.06M	68.68M	73.11M	119.64M	128.02M
Asset Growth %	-	0.13%	0.46%	0.06%	0.64%	0.07%
Real Estate & Other Assets+	0	0	0	0	0	0
PP&E (Net)	9.87M	9.49M	11.83M	10.92M	12.86M	13.84M
Investment Securities	0	0	0	0	0	0
Total Current Assets+	30.89M	36.6M	56.85M	62.18M	106.78M	114.14M
Cash & Equivalents	14.28M	23.96M	46.16M	51.25M	98.04M	103.76M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	71.88K	305.06K	1.47M	0	991.52K	210
Intangible Assets	989.05K	974.7K	0	0	0	0
Total Liabilities	9.44M	2.71M	4.37M	4.27M	6.72M	3.43M
Total Debt+	430.92K	0	2.03M	1.66M	1.71M	1.05M
Net Debt	-13.85M	-23.96M	-44.13M	-49.59M	-96.33M	-102.71M
Long-Term Debt	0	0	0	0	0	0
Short-Term Borrowings	430.92K	0	1000K	1000K	1000K	0
Capital Lease Obligations	0	0	0	0	0	1.05T
Total Current Liabilities+	9.44M	2.28M	3.24M	4.01M	6.34M	2.95M
Accounts Payable	795.48K	891.85K	800.59K	1.38M	640.79K	1.26M
Deferred Revenue	229.83K	254.7K	65.46K	397.89K	0	166.53K
Other Liabilities	0	0	1.13M	256.96K	378.37K	0
Total Equity+	31.67M	44.35M	64.31M	68.83M	112.92M	124.59M
Equity Growth %	-	0.4%	0.45%	0.07%	0.64%	0.1%
Shareholders Equity	31.67M	44.35M	64.31M	68.83M	112.92M	124.59M
Minority Interest	0	0	0	0	0	0
Common Stock	28K	31.5K	31.81K	1.68K	9.73K	11.93K
Additional Paid-in Capital	14.03K	1.07M	2.33M	3.4M	43.51M	52.5M
Retained Earnings	33.36M	39.23M	54.61M	68.41M	76.67M	74.63M
Preferred Stock	0	0	0	0	0	0
Return on Assets (ROA)	0.33%	0.2%	0.3%	0.12%	0.09%	0.05%
Return on Equity (ROE)	0.43%	0.23%	0.32%	0.13%	0.09%	0.05%
Debt / Assets	0.01%	-	0.03%	0.02%	0.01%	0.01%
Debt / Equity	0.01x	-	0.03x	0.02x	0.02x	0.01x
Net Debt / EBITDA	-0.77x	-1.85x	-3.39x	-4.34x	-7.61x	-11.01x
Book Value per Share	21.85	30.60	39.39	37.33	12.04	10.67

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	10.16M	12.96M	14.05M	8.59M	12.72M	1.2M
Operating CF Growth %	-	0.28%	0.08%	-0.39%	0.48%	-0.91%
Operating CF / Revenue %	-	-	-	-	-	-
Net Income	13.72M	8.93M	17.39M	8.73M	8.26M	6.03M
Depreciation & Amortization	1.04M	1.06M	381.17K	9.89K	9.4K	108.19K
Stock-Based Compensation	0	0	3.15M	0	0	0
Other Non-Cash Items	0	1.13M	-9.07M	-552.28K	155.07K	-272.92K
Working Capital Changes	-4.59M	1.84M	2.2M	398.19K	4.3M	-4.66M
Cash from Investing+	-5.01K	0	6.16M	0	-2.26M	-271.83K
Acquisitions (Net)	0	0	0	0	0	0
Purchase of Investments	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0
Other Investing	0	0	17.86M	0	0	0
Cash from Financing+	-13.53M	-4.7M	1.86M	-652.63K	39.95M	7.45M
Dividends Paid	0	0	0	0	0	0
Common Dividends	0	0	0	0	0	0
Debt Issuance (Net)	0	-1000K	1000K	-1000K	-55K	-1000K
Share Repurchases	0	0	0	0	0	0
Other Financing	-13.53M	0	-162K	385.79K	0	0
Net Change in Cash+	-4.01M	9.68M	22.2M	5.09M	46.79M	5.72M
Exchange Rate Effect	-642.21K	1000K	121.78K	-1000K	-1000K	-1000K
Cash at Beginning	18.29M	14.28M	23.96M	46.16M	51.25M	98.04M
Cash at End	14.28M	23.96M	46.16M	51.25M	98.04M	103.76M
Free Cash Flow+	10.16M	12.96M	2.36M	8.59M	10.46M	932.25K
FCF Growth %	-	0.28%	-0.82%	2.64%	0.22%	-0.91%
FCF / Revenue %	-	-	-	-	-	-

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
FFO per Share	10.18	6.89	10.88	4.74	0.88	0.52
FFO Payout Ratio	0%	0%	0%	0%	0%	0%
NOI Margin	46.75%	49.8%	45.19%	37.05%	43.3%	32.18%
Net Debt / EBITDA	-0.77x	-1.85x	-3.39x	-4.34x	-7.61x	-11.01x
Debt / Assets	1.03%	-	2.96%	2.27%	1.43%	0.82%
Interest Coverage	1006.93x	6.87x	459.91x	50.76x	50.13x	7.96x
Book Value / Share	21.85	30.6	39.39	37.33	12.04	10.67
Revenue Growth	-	-21.64%	30.11%	-7.02%	4.7%	6.48%

Revenue by Geography

	2024
CHINA	8.32M
CHINA Growth	-
KOREA, REPUBLIC OF	6.46M
KOREA, REPUBLIC OF Growth	-

Frequently Asked Questions

Valuation & Price

Wetouch Technology Inc. (WETH) has a price-to-earnings (P/E) ratio of 3.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Wetouch Technology Inc. (WETH) reported $12.18T in revenue for fiscal year 2024. This represents a 30446360% increase from $40.0M in 2019.

Wetouch Technology Inc. (WETH) grew revenue by 6.5% over the past year. This is steady growth.

Yes, Wetouch Technology Inc. (WETH) is profitable, generating $2.53T in net income for fiscal year 2024 (14.3% net margin).

Dividend & Returns

Wetouch Technology Inc. (WETH) has a return on equity (ROE) of 5.1%. This is below average, suggesting room for improvement.

Industry Metrics

Wetouch Technology Inc. (WETH) generated Funds From Operations (FFO) of $2.99T in the trailing twelve months. FFO is the primary profitability metric for REITs.

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